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I will be producing the main resources I will need in order to run my business. I need to cover both human (staffing), physical (premises, machinery, equipment, materials, stock, etc.) and financial resources
- Essay length: 2411 words
- Submitted: 14/04/2012
The first 200 words of this essay...
Unit 2: Investigating Business
I will be producing the main resources I will need in order to run my business. I need to cover both human (staffing), physical (premises, machinery, equipment, materials, stock, etc.) and financial resources. I will need to analyse the availability, costs and importance of each resource to the success of your business. For example, it will be essential to have high quality (i.e. well-trained) staff, but I may have to pay higher wages to secure suitably qualified staff and/or provide training myself - which also incurs costs. I will need to consider the importance of quality within my business and the role that quality control, quality assurance and total quality management (TQM) play in the success of businesses.
Communication is part of the effective management of the human resources in any business. People need to understand that their contribution is valuable and is makes such a big difference to businesses. Where people work in teams and are part of the decision making process, productivity, the quality of the output and the customer satisfaction all improve.
Making sure employees' have the right skills
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